W. E. Donoghue & Co. LLC acquired a new stake in Wynn Resorts, Limited (NASDAQ:WYNN) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 17,280 shares of the casino operator’s stock, valued at approximately $2,318,000.

Other hedge funds have also made changes to their positions in the company. MARSHALL WACE ASIA Ltd bought a new position in Wynn Resorts, Limited in the first quarter valued at approximately $1,893,000. Monetta Financial Services Inc. bought a new position in Wynn Resorts, Limited in the second quarter valued at approximately $1,542,000. Maverick Capital Ltd. boosted its stake in Wynn Resorts, Limited by 36.9% in the second quarter. Maverick Capital Ltd. now owns 1,260,248 shares of the casino operator’s stock valued at $169,024,000 after acquiring an additional 339,550 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in Wynn Resorts, Limited by 0.4% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 228,967 shares of the casino operator’s stock valued at $30,709,000 after acquiring an additional 811 shares during the last quarter. Finally, CIBC World Markets Inc. bought a new position in Wynn Resorts, Limited in the second quarter valued at approximately $5,666,000. 70.80% of the stock is currently owned by hedge funds and other institutional investors.

A number of brokerages have issued reports on WYNN. TheStreet cut shares of Wynn Resorts, Limited from a “b-” rating to a “c+” rating in a research note on Friday, October 13th. Deutsche Bank AG set a $161.00 price objective on shares of Wynn Resorts, Limited and gave the company a “buy” rating in a research note on Monday, October 16th. Citigroup Inc. raised their price objective on shares of Wynn Resorts, Limited to $161.00 and gave the company a “buy” rating in a research note on Monday, October 16th. Morgan Stanley lifted their price target on shares of Wynn Resorts, Limited from $151.00 to $158.00 and gave the stock an “overweight” rating in a research report on Friday, October 13th. Finally, Stifel Nicolaus reissued a “hold” rating and set a $134.00 price target on shares of Wynn Resorts, Limited in a research report on Thursday, October 12th. Twelve investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. Wynn Resorts, Limited presently has an average rating of “Buy” and an average price target of $137.52.

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Shares of Wynn Resorts, Limited (NASDAQ:WYNN) opened at 144.44 on Friday. Wynn Resorts, Limited has a 52 week low of $82.51 and a 52 week high of $150.40. The firm has a market capitalization of $14.72 billion, a price-to-earnings ratio of 54.06 and a beta of 1.67. The firm has a 50-day moving average of $144.80 and a 200 day moving average of $132.67.

Wynn Resorts, Limited (NASDAQ:WYNN) last released its quarterly earnings data on Tuesday, July 25th. The casino operator reported $1.18 earnings per share for the quarter, beating analysts’ consensus estimates of $1.16 by $0.02. Wynn Resorts, Limited had a net margin of 5.02% and a return on equity of 165.77%. The firm had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.47 billion. During the same period last year, the firm earned $1.07 earnings per share. The business’s quarterly revenue was up 44.5% compared to the same quarter last year. On average, equities analysts predict that Wynn Resorts, Limited will post $5.07 earnings per share for the current fiscal year.

In other Wynn Resorts, Limited news, EVP Kimmarie Sinatra sold 21,451 shares of the firm’s stock in a transaction on Friday, September 15th. The shares were sold at an average price of $143.62, for a total value of $3,080,792.62. Following the transaction, the executive vice president now directly owns 223,443 shares of the company’s stock, valued at $32,090,883.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, President Matt Maddox sold 42,900 shares of the firm’s stock in a transaction on Friday, September 15th. The shares were sold at an average price of $143.44, for a total transaction of $6,153,576.00. Following the completion of the transaction, the president now directly owns 350,586 shares in the company, valued at $50,288,055.84. The disclosure for this sale can be found here. Insiders sold 67,351 shares of company stock worth $9,621,369 over the last ninety days. Insiders own 13.20% of the company’s stock.

About Wynn Resorts, Limited

Wynn Resorts, Limited (Wynn Resorts) is a developer, owner and operator of destination casino resorts that integrate accommodations and a range of amenities, including dining outlets, retail offerings, entertainment theaters and meeting complexes. The Company’s segments include Macau Operations and Las Vegas Operations.

Institutional Ownership by Quarter for Wynn Resorts, Limited (NASDAQ:WYNN)

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